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NBC
Dec 26, 2012 6:00pm EST
would avoid the fiscal cliff. republicans said the lines of communication are still open but the house will not act until the democratically controlled senate does. >> at the maryland due in baltimore, the african lions were not in their native habitat because it was snowing. the weather was so bad that these do closed -- the zoo closed for the day. the snow did not bother the residents of this lion park pret. >> they are tougher than the ones in maryland. we had a couple of inches of snow this morning. we have had snow to sleep to freezing rain to thunderstorms. you name it, we have had it. we have had an inch and a half the tv station. up to 3 inches in westminster. most of that is compressed because of the rain and sleet. up to 3 inches in some areas. the steadiest precipitation has come to an end. you can see some heavy rain on the eastern shore. around baltimore, that will be the case through the rest of the evening. it will be windy but the steady rain has come to an end. for mayor is trying to push in from the south. 52 in annapolis, 45 downtown. 35 in parkton. in the subu
ABC
Dec 30, 2012 11:35pm EST
cliff. democrats and republicans wrangling over last-minute legislation. cutsx increases and budget into effect on january 1. the clock is ticking and negotiations are ongoing. point, democrats and republicans remain at odds. >> regardless of differences, our top priority has to be to make sure that taxes on middle- class families do not go up. we can get that done. >> president obama called for there wasaction, but senate tonight. >> we will be here at 11:00 tomorrow morning. we will have further announcements. >> mitch mcconnell, a frustrated progress,ack of called the vice president for help. >> there is no single issue that remains an impossible sticking point. a sticking point appears to be a and interest or the to close the deal. >> if congress does not act soon, drastic cuts will go into effect and taxes go up for everyone. more than $3,400 for the average american family. >> significant differences n the two sides and negotiations continue. >> negotiations will continue through the night. "politico" ined by reporter to talk about the fiscal cliff. it is looking like the pres
CBS
Dec 27, 2012 5:00pm PST
republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >> tomorrow's meeting with the president will be the first time president obama sat down with all four leaders since november 16th. and tonight, senator mitch mcconnell said that he was interested in hearing what the president proposes, elizabeth. >> sounds like right now there's a lot of finger- pointing but not a lot of problem-solving. >> reporter: exactly. and both sides again today, house speaker john boehner, h
FOX
Dec 31, 2012 4:25am EST
to strike a last-minute deal to avoid the fiscal cliff. >> republicans saying they are will be to work with congress and the president to come to an agreement. yesterday, president obama said job leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we're willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which would only raise taxes on families making $2 other 50á,000 a year or more. that plan would extend unemployment benefits for two million americans. icans. -- on families making $250,000 a year or more. >>> police continue to look for evidence in the murder of a college student. a vigil was held last night at battlefield high school for xavier stringfellow. he was a graduate of the school. he was found stabbed to death friday evening in industry anti. his body was found inside a crashed minivan on a service road off of chain bridge road. police said he
CBS
Dec 28, 2012 6:00pm EST
half after he finished a white house talking session on the fiscal cliff with republican leaders john boehner and mitch mcconnell and democratic leaders harry reid and nancy pelosi. returning to capitol hill mitch mcconnell went to the senate floor saying he is optimistic there can be a deal. he believes it can come by sunday afternoon, and at that point he would go back to the president with whatever it is he and reid are agreeing to. he said's optimistic that the next 24 hours are critical. however, tennessee senator bob cochran says even if a deal does get done don't expect too much. >> we're goakd up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> the president did say deja vu all over again. if corker is right, we are going to say some of the same machinations we've seen before. if it doesn't happen, the president wants that up or down vote on his plan. >> remember night, monday night is new year's eve when it all could go bad. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that go
MSNBC
Dec 28, 2012 7:00am PST
, there is still time for us to hammer out a deand prevent us from going over the fiscal cliff. what will be talked about today is what do the outlines and parameters of a possible deal look like that can be agreed to by a majority of democrats and republicans. really i think the key thing here is, will john boehner, instead of after having wasted all of last week on plan b, which, you know, he took as a go it alone strategy, will he be willing to get the number of republicans he can get to vote for a deal, combined with the number of democrats willing to vote for one and make a majority of the house of representatives in position to vote on the final deal. not a majority -- there are only reps in the house of representatives -- we have 435 house members, and the founding fathers when they wrote the constitution, intended for legislation to pass with the majority of the whole house. this deal needs to have democratic and republican sport. >> if you look forward to a possible final smaller deal as we were just talking about here, how much of this is john boehner's conservative members causing this difficulty for him? i have a big chunk, really a plurality is made of these extremists who are unwilling to consider they are essentially control john boe
ABC
Dec 24, 2012 5:30am EST
with a deal to avoid the fiscal cliff. some republicans now say the president wants the country to go over the cliff. last week president -- last week's speaker of the house john boehner failed to get the plan b passed but he failed to even bring to a vote. and if his own party that kept it from happening. so as the bickering continues over who is to blame the president and speaker left town after making the parting pitches. >> the work towards a package that prevanes tax hike on mid -- prevents a tax hike on middle class americans protect unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. >> the president's solution of raising tax rates would be redink as far as the eye could see and it would hurt jobs. >> president obama says that he will cut his holiday vacation short and try to hammer out the deal with congress. law makers are expected to return to washington later on this week to continue the negotiations. >>> well it's christmas eve and guess what, not everybody has done their christmas shopping. as i am
CBS
Dec 27, 2012 6:00pm PST
house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached by december 31st and extraordinary measures would have to be taken to avoid default on the government's loans. danielle nottingham, cbs 5, washington. >>> just hours ago hawaii's lieutenant governor became the country's newest senator. >> congratulations. >> thank you. >> 40-year-old brian schatz takes the place of long-time senator daniel inouye. inouye died just last week. schatz traveled from hawaii to washington aboard air force one with president obama last night. >>> former president george h.w. bush remains in intensive care tonight. a family spokesman says the 88- year-old is alert, in guarded condition and doing better since a
FOX News
Dec 28, 2012 8:00am PST
we'll continue this argument. jon: if we go over the fiscal cliff how is your republican position trendented? >> it is not. it doesn't help anyone. the perception if we go every the fiscal cliff we'll get things resolved and go on from that. that is not true. alternative minimum tax hurts tremendous number of americans. it increases taxes for everyone. it creates tremendous instability in our economy that doesn't need it. this needs to be resolved but needs to be resolved in a way that actually fixes the problem, not just postpones the fiscal cliff for another six months or another year. that doesn't resolve it. so our push us, why we tried to get this done in may of this year, rather than in december, is to say, we need to fix the problem. let's focus on that. jon: james langford is a republican from oklahoma. now our viewers no why you're on the republican policy committee today. good of you to join us. >> thank you. harris: we know this from the headlines. the cdc has had a rather busy year keeping us all safe. we'll look infections, diseases viral outbreaks, remember west nile
FOX
Dec 31, 2012 5:00am EST
at 11:00 to try to strike some sort of last- minute teal to avoid the fiscal cliff. >> republicans say they are willing to work with members of congress and the president to come to an agreement but yesterday on nbc's meet the press, president obama said gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now, the pressure is on congress to produce. >> we are willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> today, senate majority leader harry reid could push for a fallback bill which roe woo raise taxes on families making $250,000 a year or more. that plan would also extend unemployment benefits for two million americans. >>> in our other top story, police continue to search for answers in the murder of a college student. xavier strangefellow was a sophomore in virginia. a vigil was held last night at battlefield high school in haymarket. stringfellow was a graduate of the school. he was found stabbed to death. his body was found inside a crashed minivan. police say he had
LINKTV
Dec 27, 2012 7:00pm PST
congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we get a sign-off from the republicans in the house, we can't get anything done. for them to talk about a bipartisan arrangement, we have done that. >> without a deal, the mediate effect would billion a tax hike. relief checks to $2 million -- 2 million onamericans would also cut, possibly triggers another major u.s. recession. >> things that you don't really need, you're not going to get. >> it will probably affect my finances in a huge way. >> it will affect my dad. my dad's 76 and he's already got his food stamps cut and his medicaid cut. i don't know how much more than can cut. >> half of all americans now expect no deal by new year's day. by a margin of 2-
MSNBC
Dec 31, 2012 1:00pm PST
just shovel it out to us. >> washington still in deadlock. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the president. >> as of this point is looks like i'm going to be spending new year's here in d.c. i can come to your house? is that what you're saying? >> happy new year! >>> grab your party hats, chill the bubbly. just eight hours to go. yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hi
MSNBC
Dec 30, 2012 2:00pm PST
" for cliff because i think democrats for a while have held the upper hand on these fiscal cliff negotiations because what is it all mean? this is about taxes for democrats, and the bush tax cuts expire at the end of this year, and, look, they are saying republicans are going to come back and say we don't want taxes to go up for those, you know, making less than $250,000 a year or more, so they will come back at the beginning of the year and propose something that can get done. you heard chuck schumer who happens to be reid's top lieutenant say the same thing on "meet the press" last week, so i think that that's what democrats see as their leverage and their fallback. now, republicans see the debt ceiling as their leverage which is a tricky game. >> we're hearing that vice president joe biden has been linked to the negotiations. what do you think his role is in all of this, and why do you think he's being called in now? >> well, mitch mcconnell, a top republican aide told me, picked up the phone and called joe biden because they felt like these talks were going nowhere, that they hadn't heard back from harry reid and decided that they wanted to get together with biden to say, you know, to get things straight with what the white house wanted and then
MSNBC
Dec 24, 2012 2:30am PST
issue, another stalemate and fiscal cliff negotiation. >> our republican colleagues by refusing to go along with revenues are risking the fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday recess on thursday, and when they do, they will have their work cut out for them. reporting live in washington, i'm danielle leigh. veronica, back to you. >>> thank you so much. >>> the pentagon says the commanding officer of s.e.a.l. team 4 has died in afghanistan. 42-year-old joe w. price died saturday of what u.s. military officials are calling a noncombat injury. they tell nbc news his death is being investigated as a possible suicide. s.e.a.l. team 4 was part of a mission to train local afghan police to combat the taliban. >>> in the meantime in what is being called a possible insider attack, a civilian advisor was shot this morning by a woman wearing an afghan police uniform at kabul police headquarters. at least 53 international troops have been kill
PBS
Dec 30, 2012 12:30pm PST
republicans. one of the reasons we are at the fiscal cliff is the republican resolution was under the tacit assumption that they would control the white house, so who cared about everything stacked against them. the main proble w obama ran an absolutely brilliant campaign. republicans had a very weak field, and romney was the best of a very weak field. he himself was a very odd candidate. after the financial crisis, a man essentially of wall street, and a man whose essential issue of the 2010 campaign was obamacare, but he had passed something similar in massachusetts. he had two strikes against him, whichade it very diffilt begins the difficult rigid discipline obama to win. >> i think obama won because republicans underestimated him, and they did it through sell collision that goes back to 2010 when they considered this to be a referendum on barack obama. it was not a referendum on barack obama. it was a referendum on the economy and the incumbent, but not barack obama the person. republicans left the race feeling like this would be a slam-dunk in 2012. they missed the fact that the
CNN
Jan 1, 2013 8:00am PST
the partisan divide wasn't challenge enough, get ready because the fiscal cliff is far from a done deal. vice president joe biden and mitch mcconnell brokered a deal and, yes, it cleared the senate late last night. but no, the republican-controlled house of representatives hasn't voted on this yet. they are going to convene in about 30 minutes. house democratic caucus is meeting in less than an hour while the house gop leaders are meeting at 1:00 p.m. eastern time. both parties undoubtedly laying the groundwork for the fiscal cliff showdown that will unfold between its 435 house members. one of those members is democratic congressman from michigan. he's kind enough to join me. thank you for being with us today. first of all, if you could get me up to speed on the decision to make a decision v you heard anything about the possibility there might be a vote today with your members? >> i haven't heard directly. i think there will be. i think the vote last night in the senate set the stage. it was overwhelming. we're going to have a caucus democrats and republicans will discuss the bill. the vice president is coming to the democratic how cause cuss. we'll hear from him. he will explain what's in it. he will say in terms of what was i
MSNBC
Dec 26, 2012 8:00pm PST
will go over the fiscal cliff in a little more than five days and house republicans are doing nothing more than posturing. president obama is flying back to washington tonight from his christmas vacation in hawaii to make one last attempt to get a deal before midnight new year's eve. the senate is returning and will be in session tomorrow for the same purpose. senate majority leader harry reid is trying to determine what kind of bill he can get through the senate with limited republican support. meanwhile, governor neil abercrombie of hawaii tonight announced that lieutenant governor brian schatz is as fit to feel the seat of the passed senator daniel inouye. he will leave hawaii for washington tonight and is expected to be sworn in sometime tomorrow afternoon. the democrats are wasting no time in the event harry reid needs the vote to avert the fiscal cliff. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decis
MSNBC
Dec 27, 2012 12:00am PST
reid needs the vote to avert the fiscal cliff. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decision is made, how members have 48 hours to get there. house republican leadership released a statement today reading in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the senate until republicans drop their knee jerk obstru
NBC
Dec 29, 2012 6:00pm EST
were mapping an escape from the fiscal cliff, president obama and republicans issued dueling messages on the web. >> we cannot afford the self inflicted wound to the economy. the folks you send to washington have to do their jobs. >> reporter: if the nation goes over the fiscal cliff next tuesday each side says the other is to blame. >> we can avoid the fiscal cliff if the president and the democrat-controlled senate step forward and work with republicans to solve this problem and solve it now. >> reporter: all over the country right now, uncertainty is in the air. >> it's not a matter of am i going to pay my light bill but is it going to deplete my savings. >> even if the impact isn't real, the perceived impact could cause a dropoff in sales. >> reporter: gets a deal is up to the top democrat and top republican. >> we are engaged in discussions, the majority leader and myself and the white house in the hopes we can come forward as early as sunday and have a recommendation. >> whatever we come up with will be imperfect. that's where we are. >> reporter: harry reid and mitch m
ABC
Dec 30, 2012 9:00am EST
fiscal cliff wasas because the republican resolution of the debt crisis of 2011 was under the tacit assumption that they would control the white house who cares about everything stacked ainst them? i think the main cause was obama ran an absolutely brilliant campaign. republicans had a very weak field, and mitt romney was the best of a vy weak field, and he himself was an odd candidate, a given after the financial crisis, a man essentially of wall street, and also a man who was an essential issue of the 2010 campaign, where republicans have succeeded was obamacare but he had had something similar in massachusetts. he had two strikes against him whwhich made it very difficult against the disciplined obama to win. >> i think obama won because the republicans underestimated him anand they did i three -- did it through a litt self delususion that goes back to 2010 when they considered this to be a referendum on barack obama. it was not a referdum on barack obama. it was a referendum on the economy and the incumbentnt, but not barack obama the person. republicans thought this would be a
CBS
Dec 24, 2012 4:30am EST
. >>> with time running out to avoid the fiscal cliff, democrats and republicans have left the capital for home. for the majority of the country, that means we are going over that cliff. president obama is in hawaii for christmas with his family. before he left he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than 250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal for ending the crisis. speaker boehner says the stalemate and the failure of plan b is the democrats' fault. >> the president -- what the. has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenges the members of his party to deal honesty with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the pr
FOX Business
Dec 26, 2012 4:00pm EST
us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is astounding. they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no dispute about it. if you want to lose 100, $200 in tax revenue you go into a recession. all the money he thinks he's going to get from rich people by hiking the tax rate will be lost, double lost by going into a recession. >> that is exactly right. that is why when britain raise the tax rate from 40 to 50%, they fou
CBS
Dec 31, 2012 6:00pm EST
. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experienc
PBS
Dec 31, 2012 10:00pm PST
. government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experien
NBC
Jan 1, 2013 5:00pm EST
to the latest developments in the fiscal cliff negotiations. republican members of the house will meet for a second time today in just about ten minutes. at 5:15, to talk about how they want to move this bill that came from the senate forward. jennifer johnson joins us now from capitol hill. jennifer, republicans have strong feelings about this senate measure. what are the chances we are going to see an up or down vote on this? >> reporter: i would say an up and down vote on the bill the senate passed at 2:00 this morning, very unlikely. the house may take a vote on an amended bill. the senate has just sent word if an amended bill is sent to the senate, the senate will not act on it and this entire fiscal crisis will be passed on to the new congress which comes to work on thursday. >> is that because the -- senate -- for the most part has already left? >> well, senate leaders remain in session and they already decided if there was going to be a vote on the bill that they sent to the house they could do it without a roll call and do it and pass it on to the president. but the house
CSPAN
Dec 23, 2012 10:05pm EST
that republicans must be ready to go over the fiscal cliff that includes no tax increases. sbainer boehner and other republican leaders have been too scared about suffering publicly if the nation goes over the cliff and the tax sbikeses that are triggered in january. now that the plan b has failed these conservative republicans should be empower you ared to make big demands and stop caving to the president out of fear." guest: that doesn't make much sense to me. you have to get it through the house republicans then the president has to sign something, if that doesn't happen then you have very large tax increases a lot more than what they were talking about in their negotiating and you have the defense cuts that happen overtime and some other, nondefense cuts. you really have this huge amount of revenue, a lot of debt reduction. it is hard to see what demands the republicans can think will be easier to make come the new year. guest: plus, we've seen the president's approval level is at a high. and the poll should show that the republicans are going to be blamed if we go over the cliff and taxes go up. that is before th
ABC
Jan 1, 2013 5:00pm EST
about how to hand the fiscal cliff. house republican leader eric cantor says he can't support the senate bill. democrats are urging house leaders to let members vote on this bill. >> a raging fire tore through a church in a county today. they are devastated today and investigators are trying to determine the cause and church leaders trying to find a place to worship on sunday. >> at the stroke of midnight same-sex couples began getting married. seven couples tied the note early this morning. they were the force to take advantage of the new law legalizing same-sex marriage. and same-sex marriage is recognized in nine states. there are many other new laws that go sby effect today. we break down some of the new intrigues new laws. >> in california driverless car ace allowed on the highways. a human still had has to be in the passenger seat and californians can use their smartphones to prove they have insurance. >> it is a wonderful thing. if you have your insurance with you all the time, we have our drivers license on there. >> speaking of licenses, in tennessee drivers older than 60
FOX
Dec 30, 2012 6:00pm PST
over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we'
KICU
Dec 24, 2012 11:30pm PST
for the fiscal cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: president oba
FOX
Dec 24, 2012 10:00pm PST
an agreement for the fiscal cliff. >> reporter: some republican lawmakers say president obama wants the country to fall off the fiscal cliff. >> we were going to go over the cliff before, we're going to go over the cliff now because that's what the president wants. you cannot negotiate with someone who doesn't want to negotiate. >> reporter: that would raise taxes on people making more than $200,000 a year. each making a parting pitch. >> i've asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, prevents unemployment insurance for 2 million americans and lays the ground work for further work on both growth and deficit reduction. >> the presidents solution of raising tax rates would still be ready for as far as the eye can see and it would hurt jobs. >> the partisan bickering has put the country on the brink of a financial crisis. >> it's the first time that i feel it's more likely that we will go over the cliff than not. and that if we allow that to happen it will be the most collosal consequential in a very long time. >> reporter: p
FOX News
Dec 27, 2012 12:00pm PST
interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >> reporter: as you mentioned, trace, the speaker's spokesman said afterward, reid should focus on legislating. he was scheduled for a news conference this afternoon, but that's been scrubbed. >> what about the republican side? any movement there? >> the breaking news of the moment is the house republican leadership is calling members back for sunday evening, 630to be available if there's a deal. the evening of december 30th december 30th with the end of the year in a matter of hours. so bottom li
CNN
Jan 1, 2013 9:00am PST
convened. a lot of people speak passionately, i assume about the fiscal cliff before the republican convene in a smaller group. >> reporter: the house convened at 12:00 and what happens when the house convenes, every day they have what's called one-minute speeches. this is one of the opportunities for members of congress to come and say their peace and say what's on their mind and they have one minute. i'm sure what is on all members' mind at this point how they feel about the fiscal cliff deal. >> looking at live pictures of that taking place there. we'll bring you back to get behind the scenes from the gym but also from the floor and whether or not there's anything that's going to come of these meetings, whether or not there's a vote on the house side. there were eight senators who voted against that compromise measure, the opposition coming from both parties yet senate democrats tom harkin, tom carper and michael bennet voting no. so did mike lee, richard shelby, rand paul, chuck %a#zgrassley, o rubio, a tiny minority. the senate passed the fiscal cliff deal with an overwhelming bipartis
FOX News
Dec 29, 2012 10:00am PST
with the democrats that we don't go over the fiscal cliff, however, republicans are going to have to acquiesce, we will have some tax hikes, i think probably 750,000 and above i think that's the number, but what republicans are holding back the debt ceiling debate and cutti cutti cutting entitlement programs and they're going to use that later in the year. >> kelly: mark, the final word. >> if angela's prediction sort of come through-- and i hope it does, the republicans and senate negotiate, and republicans and congress will be responsible for the largest tax increst on all americans in modern american history and that would be unfortunate and soon talk about obama tax cuts when we talk about the middle class america. >> kelly: and the 113th congress coming into office in january. and angela and mark, thank you for sharing insights on this tough, tough situation for us. thank you. >> thank you, kelly. >> kelly: thank you. >> to a fox news alert. new details on the deadly plane crash out of russia. police now say that four crew members are dead, and four others have been injured afte
MSNBC
Jan 1, 2013 6:00am PST
today, since it's january 1st, so we've gone over the so-called fiscal cliff. if you vote for this bill, it's a vote to lower taxes, not raise taxes. it's optics, it's semantics, but it's very important for house republicans. >> it's ridiculous is what it is. >> and we know that a lot of democrats will support this final package. so, nancy pelosi will bring her votes. >> although welch told me he didn't know whether or not he would support it. >> nancy pelosi has signed off on it. it's up to john boehner to deliver his votes and can he do it without amending it, we do not know at this time. >> all right, luke. thank you very much. >> take care. >> we'll see you soon, i'm sure. >> indeed. >>> well, there's already been grumbling about this senate legislation from both sides of the aisle, but texas republican senator kay bailey hutchison says that is the essence of compromise. >> i don't love it, but i think it is a very good job of negotiating where there are some wins and some losses, and it's about even. >> with me now, the agreeos political editor parry bacon and lynn sweet, washington bureau chief for "the chicago sun ti s times." lynn, we kept rerunning this video of you yesterday with speaker boehner walking
PBS
Dec 27, 2012 4:30pm PST
in the program. a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses ithe final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit loss, the nasdaq lost four, and the s&p s
MSNBC
Dec 31, 2012 4:00am PST
over the fiscal cliff because, again, i don't think the republican party is serious about playing an important role in governing this country. >> now, i don't necessarily disagree with you, but let me push back a little bit, and then i'll let dan jump in. >> sure. >> look, the argument i'm hearing -- and i don't know what cuts the president is offering to the republicans -- but why doesn't he offer more? why doesn't he give them -- i mean, anything more that he offers would be better than going over the fiscal cliff. why can't we get to something? why can't he give enough significant cuts that would make some of these republicans in districts that will really have problems when they go back to win re-election, if they raise taxes, give them some sort of incentive. give them some serious cuts. >> let's break apart your premise because i just -- i do not think -- i think there is a significant portion of the republican party that simply will never see any increases in revenue as necessary to run this government. i mean, you know, the president -- the one thing that we all agreed on in
FOX
Dec 26, 2012 5:00pm PST
year perhaps, so does the deadline for the so- called fiscal cliff and tonight a new development. house republicans tossed the fiscal cliff problem to the senate today. saying once the senate has a plan congress can go forward. john fowler investigated some of the latest moves and joins us live with what could happen a week from today. john? >> reporter: do mog, we get deep spending cuts and across- the-board tax hikes. con shull staffers told me -- congressional staffers told me today, expect a bumpy ride of the halls of power empty, although negotiateders and the president are back at work. >> at the very least let's agree right now on what we already agree on. >> reporter: an olive branch to the gop and carrot to corporate giants, including the bay area's google and apple. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loop holes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are concerned because they're not sure the extent to which exemptions would be eliminated. >> reporter: wells capital mana
NBC
Dec 23, 2012 11:30pm EST
shulman also discussed the fiscal cliff and what happens next. >> our republican colleagues, by refusing to go along with revenues are risking the fiscal cliff. the big chance for a big deal is at the debt ceiling. that is when we will have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and shopping malls for final gifts. some had a really good reason for hitting the stores in these final hours before christmas. >> i have a baby that is due christmas morning. so i came out here to do some last-minute shopping. it is tough to shop during the holidays, especially right before christmas because, again, you miss out on deals. >> a recent poll found 132 million people had not finished their holiday shopping and 26 million had not even began. many retailers will be open christmas eve late to accommodate them. the pope spoke in a number of language
FOX News
Dec 27, 2012 6:00pm PST
country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not going to let washington continue with the out of control spending, the debts and deficit. maybe now at this moment maybe that's the right thing to do. joining me now with reaction to the developing steer are congressman loui gomert and -- go ahead. >> i can totally with him that he cannot imagine our consciouses in the house because you would have to have one to imagine ours, and he's shown repeatedly over three years of no budget? come on. the guy has to have no conscious or he would have been embarrassed and would have given up leadership on his own if he had any conscious whatsoever. we have passed a bill to deal with the fiscal cliff. congressman, let me go through this. they haven't passed a bill in 1300 days in the united states senate. constit
FOX
Dec 30, 2012 8:00am EST
. >>> the looming fiscal cliff with republican lindsey graham and dianne feinstein and the benghazi attack. a preview when we come back. >>> gwen tolbart will be back with the workweek preview. stay with us. we will be right back. it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> the so-called fiscal cliff is looming. a live look now at the capitol where lawmakers held negotiations into the night and early this morning. they will be con convening -- convening once again this afternoon. >> at the top of the hour, we are going to have an exclusive interview with senators diane phi stein and -- feinstein and lindsey graham. maybe they have gotten word as to how these ne
CNN
Dec 27, 2012 11:00am PST
. it's unclear. >> okay. one way or another, this ties into the fiscal cliff mess that paralyzed lawmakers, correct? >> absolutely. president obama wanted to bundle up the fiscal cliff with this debt ceiling expanded and talk with the fiscal cliff. republicans didn't want to do that. that was part of the big negotiations. now that we are talking about the small deal, i think the debt ceiling is going to be a separate issue and probably we will have to be talking about this yet again in the spring. thankfully people who are watching right now will already know what's going on. >> lisa, thank you very much. there will be another change in president obama's cabinet heading into his second term. lisa jackson administrator for the environmental protection agency will be stepping out after the state of the union peach next month. jackson cited the epa's progress in food, water, and air quality and also energy independence. jackson started at the agency as a scientist 25 years ago. humans of weapons show up in los angeles. from hand guns to revolvers and rifles and even assault weapons. just a sampling of guns traded for grocery gift cards. efull ap? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app
CBS
Jan 1, 2013 6:00pm EST
action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent much of the day mulling a bill that cleared the senate shortly before 2:00 a.m. >> the yeah's are 89. the nays are 8. 60-vote threshold having been achieved the bill as amended is passed. >> woodruff: the senate bill makes permanent the bush era tax cuts for 99% of families, those with incomes under $450,000 a year. anything over that amount would be taxed at a rate of 39.6% up from the current 35. the agreement would raise the estate tax on large estates to 40%. but the payroll tax cut of the last two years would expire. the bill also extends unemployment benefits for a year and it stops a cut in medicare payments for physicians. the senate vote was a rare show of unity welcomed by leaders of both par
FOX News
Dec 28, 2012 12:00am PST
)÷!>> let him take the country over the fiscal cliff if he so chooses. they were elected to get the fiscal house in order. now is the time for republicans to stand up for your kids and grandchildren. maybe she the should say they're looking out for the future, future generations maybe now is the time to take a stabbed stand and say they're not going let washington continue with this out of control spending, debt, maybe now, at this moment, maybe that is the right thing to do. and joining me now with reaction to this developing story are two house republicans, congressman louie gomert. welcome back to "hannity". >> good to be with you. >> sean, i can -- . >> sean: go ahead. >> i can sympathize that he can not imagine our consciences in the house because you'd have to have one to aimagine ours. and he's shown repeatedly, over three years of no budget? come on. jm%lx >>> and first through on december 31. up, hairy reid saying it's time to cut spending not for now, but future generations who arere"Ñde one that's have to pay this off? >> it seems tozc)Ñ my, congressn gomer this has been the bush tax cuts have been lost since what? twun and 2
FOX News
Jan 1, 2013 3:00pm PST
uncertainty about the way forward. i'm talking about the fiscal cliff bill. we look like at the fiscal cliff, the house republicans are meeting to chart a way forward. the senate passed legislation with overwhelming support this morning. the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from cap
NBC
Jan 1, 2013 4:30am EST
after america went off the fiscal cliff. >> happy new year. >> reporter: vice president biden came to the capitol to sell the fix. he worked out with gop leader mitch mcconnell who spoke for senate republicans. >> we don't think taxes should be going up on anyone. but we all knew that if we did nothing they would be going up on everyone. >> reporter: the senate voted to reverse are today's tax hikes on 98% of americans. but to keep the higher rate, on families making over $450,000. president obama took credit for breaking 20 years of gop opposition to tax hikes. >> keep in mind, just last month, republicans in congress said they would never agree to raise tax rates on wealthiest republicans. >> reporter: only 5% said no. >> americans will wake up today to be sure that their taxes won't go up $2,200 each. >> reporter: not so fast. house speaker john boehner and his might not go along. boehner sent republicans home to celebrate the new year without the fiscal cliff. >> everybody involved should be embarrassed. >> reporter: the economy could still take a hit. while the house takes up maybe later today, whether to follow the senate's lead and hike taxes on the wealth. from capitol hill, i'm steve hand
NBC
Dec 31, 2012 7:00am EST
fiscal cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with
CBS
Dec 29, 2012 7:00am PST
morning that the country may not go over the so-called fiscal cliff. senate democratic and republican leaders are working on a package now that could be voted on monday. any plan, however, must be approved by the republican-run house. >>> a man and a boy were fishing on a marine headlands beach when a wave swept them out to sea yesterday evening. rescue crews recovered their bodies in the frigid water near the golden gate bridge. no word on the relationship between those two victims. >>> high school party got out of hand, forcing an evacuation at the intercontinental hotel in san francisco last night. police say a fight broke out during the event which led to somebody spraying pepper spray. dpefts were then evacuated but let back in gsh guests were evacuated but then let back in shortly after that evacuation. >>> time for a last look at the weather. that's a positive story today. >> it is, yes. things look to be improving in that department at reeft. we're going to go out one last time and look at the doppler, perched at the highest point in sonoma county. as we look at the central bay, you c
LINKTV
Dec 27, 2012 3:00pm PST
the onset of the so-called fiscal cliff. obama and republican leaders remain at a crossroads on reaching a budget deal before the combination of spending cuts and tax hikes kicks in with the new year. on wednesday, treasury secretary timothy geithner told congress the u.s. will reach its federal borrowing limit on new year's eve, threatening the same default that was narrowly avoided last year. in a letter to lawmakers, geithner vowed to take extraordinary measures to avoid a new default but said any remedies would only be short- term. the u.s. has acknowledged for the first time a carried out a september drone strike that killed 11 people in yemen. the victims were packed into ain truck on a desert road in a town of radda when they're struck by a missile. the washington post reports the yemeni government tried to hide u.s. responsibility for the attack by taking credit for carrying it out. the yemeni government also initially claimed only militants were killed in the strike, or forced to withdraw that claim after mourners tried to bring the dead bodies to the gates of the presi
FOX
Dec 31, 2012 7:00am EST
. the senate will meet again to avoid the fiscal cliff. >> republicans saying they are willing to work with members of congress to come to an agreement. yesterday during first sunday morning talk show appearance, president obama says gop leaders have rejected his proposal to make a comprehensive deal. >> we don't yet see an agreement and now the pressure is on congress to produce. >> willing to work with whoever can help. there's no single issue that remains an impossible sticking point. >> today's senate majority leader could push for a fall back bill which would only raise taxes on families making $250,000 or more a year. that plan would also extend unemployment benefits for 2 million americans. >>> new this morning, one person was killed in an early morning accident on sully road in fairfax county. this happened around 1:45 this morning. we do know a tractor trailer was involved. not known who was at fault. the driver of the other vehicle was killed. also new this morning, your help is needed to find a missing 77-year-old woman. police say this woman bertha may cook-tyler was last s
NBC
Dec 30, 2012 11:30pm EST
cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact woul
CNN
Jan 1, 2013 1:00pm PST
latest and all of the updates on the fiscal cliff. wolf? >>> deb, thanks very much. happening now, a fiscal cliff hanger. the senate bipartisan bill faces a very uncertain future in the republican-led house. >> our speaker has said, when senate acts, we will have a vote in the house. that is what he said. that is what we he can be pekt. that is what the american people deserve. >> but is a sudden rift in the republican leadership putting it all in jeopardy? >> also, we're breaking down the deal on the table right now. we're going to show you how it impacts view your bottom line. >>> and what about the secretary of state? her dangerous blood clot. what could that mean for hillary clinton and her political future? i'm wolf blitzer. you're in "the situation room." right now we're following breaking news. all eyes are in the house of representatives where lawmakers are weighing the future of a bill that's now effectively a fiscal cliff fix. no vote has been scheduled on the bill that the senate passed in the middle of the night after steep tax cuts and spending cuts kicked in. speaker john boehner has been trying to overcome some seriously stiff republican opposition. our senior congre
CNN
Jan 1, 2013 11:00am PST
kind of a little bit anti-climactic. it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. >>> w
MSNBC
Dec 27, 2012 11:00am PST
with barely 100 hours until the fiscal cliff deadline. two sides made it very clear. john boehner couldn't pass with house republicans the idea of raising taxes only on those making more than a million dollars. the president has insisted throughout that $250,000 had been his limit. it's bumped up to $400,000. but even when they were within just a couple hundred billion dollars, which seems like a lot to you and me but it is not a lot in the language of washington, then they went opposite directions an enwhere the political particular sis stands at this moment. >> all right. peter and alexander, thank you good sir. joining me now karen bass of california. congresswoman, good to see you and nice to see you there from the capitol. you are still in california because house members, again, haven't been called back and given the 48-hour notice to my knowledge. have you? >> exactly. i have flights scheduled every day waiting for that notice to come. i think it is a shame. i think the house should be back in business in d.c. right now. the senate's in session. there's no reason for us to be at home. >> i want play another one of
ABC
Dec 30, 2012 9:00am EST
have some degree of optimism that we can avoid this fiscal cliff in the next 24 hours. >> we are just about out of time. i want the bottom line from both of you even if senators reid and mcconnell come to a deal. you're the top republican vote counter, will it pass an will it fly in the house? will this be done in time? >> if there is enough in the agreement for republicans to be able to support it and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house to support such a package and i think a lot of that depends upon whether president obama is willing to compromise this sort of fixation with raising taxes above anybody making more than $200,000 a year. >> reid and mccome are both very good leaders and vote counters. if they come to an agreement, they know that they will be able to carry a majority of each of their troops. the real question mark is the house. the house is a bit out of control. they are at reason we've had the problems all along but my guess, if the house and senate agree and leader mcconnell agrees the house will go along with it too. >> senator -- >> i would just say is
PBS
Dec 31, 2012 3:00pm PST
went any hope of meeting the midnight "fiscal cliff" deadline. house republicans opted not to hold any votes on the issue tonight. so-- officially, at least-- more than $600 million in tax hikes and spending cuts begin taking effect tomorrow. in the meantime, senate republicans and the white house continue working on a possible deal. . >> are running out of time. americans are still threatened with a tax hike in just a few hours. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense negotiations vice president joe biden had spent sunday dealing directly with the senate's republican minority leader mitch mcconnell. and those contacts continued today. by early this afternoon amid reports of progress, president obama emerged in a campaign style setting. >> today it appears that an agreement to prevent this new year's tax hike is within sight. but it's to the done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> it was widely repor
KOFY
Dec 26, 2012 9:00pm PST
that are due to take effect next week. no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt
CNN
Dec 30, 2012 11:30am PST
talking about the fiscal cliff, which are the tax rates. republicans are saying, i'm told, that they actually want to keep all tax rates in place for those making even more than 400,000 a year. democrats and the president compared on keeping the tax rates in place for incomes of $250,000, letting everybody else's expire to help go towards deficit reduction. but democrats in the talks have been willing to come up and that's another big gulf between the two of them on this issue of tax rates. >> dana bash, thanks for the latest update from capitol hill. let's get you checked in with other storyings trending on cnn.com. the death toll from russia in a plane crash has risen to five. the plane went off a runway at a russian airport. >>> two georgia boys, will soon be headed home after being missing for several days. henry and ben were found in austin, texas. police say their father, daniel cleary failed to return them home after a holiday visit. cleary is now in police custody. and who doesn't know the oakridge boys, the group sang for former president george h.w. bush while he's recoveri
CNN
Dec 28, 2012 11:00pm PST
, someone who is close to speaker boehner, if we go over the fiscal cliff, that republicans will get the blame? >> well, of course they will. because republicans get blamed if it rains if washington. that shouldn't be the test here, it shouldn't be the consideration. but senator reid has had it within his power since spring to amend the house bill and send it back with whatever changes he wanted. that's what the constitution says. sadly, they've given speeches instead of getting the job done. but nobody, nobody wants taxes to go up on middle class americans. and i hope that everybody works real hard over the weekend. a lot of americans have to work on the weekend. i don't think it's a big deal that we have to work this weekend. >> it's not a big deal and you should all be working this weekend. listen, a few weeks ago it looked like speaker boehner and president obama were pretty close on a grand bargain. maybe not as big as should would hope. it looked like the president was saying, we'll raise that top rate and offer some entitlement reform. social security changes, cpi. some talk of ra
PBS
Dec 31, 2012 7:00pm PST
cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. here's a brief explanation. it's a term used to refer to the economic fallout that might occur because of policy divisions in the u.s. congress. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with huge tax hikes if lawmakers cannot find common ground. second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a deal. spending would be reduced in areas such as health care which democrats oppose. the defense budget would also be cut. republicans are against that happening. the u.s. congressional budget office says the sudden belt-tightening could cause negative growth by the fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens. the european and japanese economies are losing steam. economis
CSPAN
Jan 1, 2013 1:00pm EST
as well. we will bring you those events when they happen. on thist your take fiscal cliff deal. david in louisiana, republican caller. caller: i feel this bill is not really accomplishing anything. if we keep ignoring what we are doing with the tax dollars, iciest of money going to refuse -- i see this money going to a very few states and individuals. it is not stimulating manufacturing here. we are buying chinese solar panels and trying to offset that by putting tariffs on imports. it is a big joke. i'm not speaking just on the federal approval. that is just one example. we've got to have oversight and planning. we've got to do something that will not have long-range negative impacts. we've got to control spending. it is not a democrat or republican gain. we have to be realistic about what we are spending our money on. host: marla in missouri. go ahead. caller: a couple of things. the last few callers are right. it is not a democrat or republican. it is the whole cabinet. the thing that gets me is that ronald reagan did are all the money from social security. i am one of those people. i'm also on social security no
KCSMMHZ
Dec 31, 2012 5:30pm PST
falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. here's a brief explanation. it's a term used to refer to the economic fallout that might occur because of policy divisions in the u.s. congress. if democrats and republicans cannot come to an agreement on resolving the fiscal cliff by year end, sudden tax increases and drastic budget cuts will take effect and would dramatically slow the u.s. economy. let's look into the two main components of the fiscal cliff. first, taxes. democrats want to let tax cuts for the wealthy to expire but republicans are generally opposed to the plan. individuals would be hit with huge tax hikes if lawmakers cannot find common ground. second component of the fiscal cliff is large federal spending cuts. the cuts will take effect if the two parties fail to strike a deal. spending would be reduced in areas such as health care which democrats oppose. the defense budget would also be cut. republicans are against that happening. the u.s. congressional budget office says the sudden belt-tightening could cause negative growth by the fourth quarter of 2013. the unemployment rate is expected to rise above 9% if the economy dampens. the european and japanese economies are losing steam. economis
FOX News
Dec 28, 2012 2:00pm PST
your children hostage to fiscal cliff. >> this is like taking your child hostage and saying to somebody else i'm going shoot my child if you don't do what i want done. there is no republican lead they're wants to default on our debt. >> eric: that is a different story. not the fiscal cliff. that is debt ceiling debate we were talking about. he says give us a checkbook and taking a shot at republicans. that is different from the fiscal cliff. >> andrea: they are intertwined. not separate entities. i point out is the language he used. con plaited republicans holding their children hostage and murdering them. imagine if the republicans said that. you have don't hear about it. you hear about it here. >> kimberly: because we put it on fox news. i like to play a game called seal a new deal. go around the table. >> andrea: taken. >> kimberly: it has? >> andrea: yeah, sorry. >> kimberly: we play this and begin with you. let me know what you think. deal or no deal by the time of the deadline? >> no deal. meeting with the political theater. >> kimberly: andrea? >> andrea: no deal. >> kimberly: he doesn't want one. he is all for -- >> eric: there probably will be something early january.
FOX News
Dec 30, 2012 3:00pm PST
any tax revenue that comes out of a fiscal cliff deal used to pay down our trillion dollars deficits. retiring republican senator from arizona, jon kyl, said the democrats want to spend $600 billion and he believes the new tax revenue will be about the same am. to he says not solving anything. for from senator to an today. >> raising taxes to pay for new spending is not something republicans believe this debate ought to be about. it ought to be about reducing the deficit and debt. they're suggesting we want new taxes, higher taxes on people in this country to pay for new spending. >> republicans continue saying they're waiting for harry reid to make a counter offer. >> they're not making that tonight. he's told us that's not going to happen it but they're working on it. a sounds like a change of entitlement programs is irritating them. >> republicans created way of calculating inflation to lower payments to recipients of social security. the senate majority leader offered this update a short time ago. >>> i was really gratified to hear republicans took their dammed for social security benefit cuts off the table.
CNN
Dec 29, 2012 4:00pm PST
to put the brakes on before we with fly over the fiscal cliff. democrats and republicans are working towards a compromise, on friday, president obama said he was optimistic, but still no deal and the deadline is three days away. >>> george h. w. bush, out of intensive care and in a regular room at a houston hospital. the 88-year-old has been in the hospital for more than a month, he was admitted for bronchitis and has been battling a fever lately. mr. bush is said to be in good spirits singing with doctors and nurses. he got a phone call from the oakridge boys who sang "amazing grace." >>> in syria, an alarming number of people died outside the city of homs, syrian forces won a battle for control there and people were executed. in all, across the country, more than 380 people were killed today in fighting, bombings and air strikes. >>> a russian airliner slid off of a run way and smashed into a highway outside of moscow today, 4 of the 8 crew members were killed as the plane splintered into three pieces no passengers on board and no one on the highway was injured. the jet, ab
FOX News
Dec 25, 2012 3:00pm PST
decide he wins either way. he passed it in the house or he will blame going over the fiscal cliff on the republicans if they resist. completely in the driver's seat and he will l decide what is on the table at december 31 at 11:00 at night. >> let's look at the national debt clock. we surpassed the $16 trillion mark. $16.4 trillion. interest on the debt is huge. thereon what bayh boy said recently. >> servicing the debt hard now. this is interest rates at record lows. god forbid something should happen to cause interest rates go up a littlement we have seen nothing yet. interest rates eventually will go up. >> doug: in the negotiations we are ignoring the long-term implications of this. >> people are aware of it. >> part of is it the future generations. the damage that it could do if the interest rate goes up in short-term to the economic interest. the market did not retake alarm we're going over the fiscal cliff. in days to come and the prospects for after the cliff is that the market would say this is alarming that washington can't get the act together. we have to deal with the debt ceiling. that cou
MSNBC
Dec 28, 2012 10:00am PST
. jonathan capehart, i want to go to you. as we approach the fiscal cliff, approach the deadline, the president is still polls better than house republicans in terms of how they dealt with the crisis, better -- if this doesn't end up happening, who gets the lion's share blame, do you think, heading into the next year? will the president still be able to maintain his popularity? >> the president may take a little bit after hit on his popularity as everyone involved in process will p.m. but as you said, the president is sitting on very good job approval ratings compared to congress as a whole and specifically republicans. i think they will get the lion's share of the blame. and to touch on something kelly mentioned in her report about how one of the ideas being discussed is taking the boehner bill of extending all of the bush tax cuts, sending it to the senate and having them amend it, i don't see how you get -- how that would be welcomed among senate democrats because, you know, were would -- why would they vote for that? i think we should look as the -- you know, the cliff notes michael o'brien wrote on nbc news to see where congressional le
ABC
Dec 31, 2012 11:00pm PST
right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. household making under 4 50,000. raise estate tax for those value at more t
CSPAN
Dec 29, 2012 7:00pm EST
:00 on c- span's q&a. >> coming up, and look at the so-called fiscal cliff. weekly addresses from president obama and with republican senator roy blunt. >> hi, . i have been working to come together around a plant to grow the economy and shrink our efforts -- deficit. it is a balanced plan, one that would cut spending in a responsible way and ask the wealthiest americans to pay a little more. i will keep working with anybody serious about getting a comprehensive plan like this done because it is the right thing to do for our economic growth. we are not at the point where in a couple of days, the losses at the americans' tax rates are going up. the americans paycheck will get a lot smaller. that would be the wrong thing to do for our economy. it would hurt middle-class families and it would hurt the businesses that depend on your spending. and congress can prevent it from happening, if they act now. leaders in congress are working on a way to prevent this tax hike on the middle class and i believe we may be able to reach an agreement that can pass both houses in time. but, if an agreement is not reached on time, i will urge
FOX News
Jan 1, 2013 12:00pm PST
fiscal cliff or our republican colleagues could help lead us off that cliff. we hope that's not the case. >> questions? >> if i can ask -- >> i think you were first. >> can i just ask what are your spies on the other side in a sense telling you how it is going over there? you have to count heads with them as well. >> i am not stipulating to any charktization to any information we receive from our friends in the press. i really have no idea. >> -- to try to prove this. what are you hearing from the other side? >> i think your question is better addressed to the republicans coming out of their conference. we just came out of ours, and we know what you tell us as to what is coming out of theirs. >> we haven't had an opportunity to talk to their leadership at this point in time. >> you said a moment ago you would prefer a straight up or down vote on that. >> absolutely. >> is that because of the time, or is that because it is a deal brokered by the vice president? >> no, it was a bill that was passed in the united states senate 89-8. tell me when you've had that on a measure as controve
NBC
Jan 1, 2013 6:00am EST
. >> it was a rare bipartisan senate vote, 89-8. two hours later, america went off the fiscal cliff. vice president biden came to the capitol. mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first same-sex couples work legally wed in a ceremony at
WETA
Dec 31, 2012 6:30pm EST
possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. em
CBS
Dec 31, 2012 7:00pm EST
possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how the major averages closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice president, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%.
FOX
Jan 1, 2013 12:00pm PST
biden and senator republican leader of kentucky sealed the deal. it negates the fiscal cliff of across the board tax increases and sweeping government other agencies but many house republicans said that they were opposed to the bill because they didn't cut federal spending and they were hoping gop leaders will give the house a chance to amend the bill and send it back to the senate. democrats are saying enough is enough. >> we could allow us to go over or we can try to come together and pass something that something probably on both sides of the aisle no one agrees with 100% of. >> what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. time is running out to change the direction because that trillion dollars isn't just a problem for the next generation, it's a problem for corporate america, it's a problem for every american. >> the deal approved by the senate continues tax breaks for those earning less than $400,000 and for couples earning less for 450,000. it raises taxes on wealthiest americans. house republicans are supposed to meet twice today about the bill no decision expected before that second decision to b
CBS
Dec 28, 2012 7:00am EST
and congressional leaders will meet later today trying to hammer out a deal on the fiscal cliff. we'll ask republican senator bob corker if a deal is likely and tell you how no deal could significantly impact everything from the price of milk to the price of gas. >>> we also look back at the life and legacy of general norman schwarzkopf. and a double agent tells us how facebook was used to infiltrate al qaeda. >>> but we begin this morning with today's "eye opener," your world in 90 seconds. >>> the house and republican have left town. the negotiations between the president and speaker have fallen apart. you can't legislate with yourself. >>> republicans have bent over backward. we wanted an agreement, but we had no takers. >> washington scrambles to avert the fiscal cliff. >>> president obama has asked the congressional leaders to meet at the white house today. >> if they cannot reach a deal, the economists warn that could trigger another recession. >> are they going to avoid a fiscal cliff, eric? [ laughter ] as stormin' norman has died. he commanded the u.s.-led international coalition and forced saddam h
CBS
Dec 28, 2012 4:00am PST
after your local news on "cbs this morning," an update on washington's fiscal cliff negotiations. we'll hear from republican senator bob corker, plus the damaging economic strikes looming at more than a dozen of our nation's forts. >>> a guy getting fit will sit with the best-selling authors of "fit" this year. that's the "cbs morning news" for this friday. thanks for watching. i'm duarte geraldino. have a great day. -- captions by vitac -- www.vitac.com >> your realtime captioner: linda marie macdonald >>> hi, everyone. good morning. it's our last friday of 2012! december 28th. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. let's start things off with a look at weather and traffic. i feel like i'm losing my voice. >> oh, no. >> i know. >> are you really? >> a little bit. >> you have so many visitors in town. >> i know! >> the entire state of colorado stayed at your house! >> you will have the weekend to rest your voice. >>> in the weather, we are getting a check of our high-def doppler radar. and it's quiet for now. but we are anticipating some big changes by this afternoon. we are watch
CBS
Jan 1, 2013 6:30pm EST
at yet another serious stumbling block in the effort to push off the fiscal cliff tax hikes. >> mason: nancy, how much time do republican leaders have to try to decide whether to amend this bill? >> well, they say they wanted to decide tonight, anthony, for a few reasons. first of all they don't want to leave the american public in limbo. second of all, they have no idea how the stock market will react tomorrow if there's no deal. and, third, in just two days, on january 3, a new congress gets sworn in and if they don't pass a bill by then we go back to square one. >> mason: nancy cordes at the capitol. thank you, nancy. major garrett is following developments at the white house. major, what do you hear from there tonight? >> reporter: anthony, the president spent the afternoon in the oval office, january 1, new year's day, presiding over a country and economy that has technically gone over the fiscal cliff. at this hour, anthony, white house officials tell us the president is somewhat optimistic that republicans, despite their misgivings and reservations will find a way to either have an amendment process or come narrowly clos
MSNBC
Dec 28, 2012 8:00am PST
kick the can down the road, jeff, we'll do some small deal and create another fiscal cliff to deal with this fiscal cliff. >> just let the people's housework its will. instead of handing over the keys to the most extreme elements in the house republican caucus. >> a lot of people donnell realize he is blocking a vote in the house. >> i think in the end we'll get a deal. the question is the timing. >> i am hopeful there will be a deal that avoids the worst parts of the fiscal cliff. >> i want to bring you in and say good morning to sander levin. sir, it's good to have you with me. what is your expectations or thoughts about hear that the president and vice president joe biden are calling the four congressional leaders behind closed closed doors today. >> i am hopeful. i wouldn't say i'm optimistic, but i think confidence has gone down. i think the key is whether the speaker will be the speaker of the entire house and let the matters come before us where there could be a majority of democrats and perhaps a majority of republicans, but let es speak our will and act on our will. that's really one of the keys. i think if the senate bill or what was in it were brought before the house, keeping the middle-class tax cuts, but not those for the uppe
CSPAN
Dec 28, 2012 7:00am EST
fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than keeping the nation on firm financial footing. he is waiting until january 3 to get reelected as speaker. he has so many people over there that will not follow what he wants. that is obvious from the debacle that took place last week. host: back to your calls and comments. negotiations resumed at 3:00 p.m. this afternoon at the white house. north carolina on the republican line, good morning. caller: how are you/ i'm doing well -- how are you? the budget as far as the epa, i wonder if that would help cutting the budget, plus cutting entitlement spending. instead of raising taxes and lower deduction, i think we should cut
NBC
Dec 29, 2012 6:00pm EST
their jobs. >> if the nation goes over the fiscal cliff, each side says the other is to blame. correct we can still avoid going over the fiscal cliff if the president and senate step forward and work with republicans to solve the problem. >> all over the country, uncertainty is in the air. >> it is not a matter of whether i will pay might not like bill, but it will the played my savings. >> it is the perceived impact that could cause a drop in sails. >> getting a deal is up to the 's top democrat and republican. >> we are engaged in discussions in the hopes we can not come forward as early as sunday with a recommendation. >> whatever we come up with will be in perfect. some people will not like it. some people will like it less. that is where we are. >> harry reid and mitch mcconnell say they're confident they can find a compromise, but then they have to sell it to john painter and his fellow republicans before -- to don banner -- john painter and his fellow republicans before the deadline. >> he has called them back for a rare saturday session. this sunday, president obama will be the exclusive guest on "meet the press. you can catch the interview right here tomorrow at 10:00 a.m.. >> the third winn
CNBC
Dec 26, 2012 1:00pm EST
. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm would be generated by the markets and the loss of confidence in american governance and the american economy, but that's not necessarily going to be the case. we still have a few days left. a white house official told me that there have been no progress over the last couple of days, but an aide to senator harry reid told me there's still a 50/50 chance we get a mini deal that would put off the effects of the cliff at least temporarily and a 50/50 chance of that happening before january 1st. so even though there's a small number of days, sometimes the urgency of a deadline forces lawmakers to overcome differences they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house rep
PBS
Dec 27, 2012 6:00pm PST
they say if we go over the so-called fiscal cliff, take all the tax votes you want, they're all tax cut votes. and conservative republicans believe their bargaining position improves. you reported on the debt limit but that becomes more of a concern as february approaches. they think they have leverage there to come bean the debt limit with the debate over more spending cut and more leverage on what they want from taxes. so there are strong voices on both sides so they say go over. >> warner: we better fasten our seat belts. ed to >> brown: still to come on the "newshour": a ban on adoptions from russia; the impact of austerity in greece; the tea party and the fiscal cliff and the administration's environmental record. but first, the other news of the day. here's kwame holman. >> holman: wall street was down much of the day, but trimmed its losses after news that the house will convene sunday to focus on the fiscal cliff. in the end, the dow jones industrial average shed 18 points to close at 13,096. the nasdaq fell four points to close under 2,986. also today, the labor department reported the number of new claims for unemployme
MSNBC
Dec 27, 2012 1:00am PST
, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings institution. thank you for being here tonight. >> happy to be here. >> you know much more about this than i do. you heard the intro, is there anything you want to add or correct anyway you see the fiscal cliff that you think people should know about? >> i thought your five points were good ones, especially the one about austerity, what we're talking about now is doing something really stupid as you said, and lettin
CBS
Dec 24, 2012 5:00am EST
. back to you. >> jessica, thank you. >>> with time running out to avoid the fiscal cliff, democrats and republicans have left the capitol for their respective homes. for the majority of the country, that means we are essentially going over the cliff. president obama is in hawaii for christmas with his family b. before he left, he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than $250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal to end the crisis. he said the stalemate and failure of plan b rests with the democrats. >> what the president has offered so far simply won't do anything to solve our spending problems and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenge the members of his matter to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we
FOX Business
Jan 1, 2013 3:00pm EST
in a bipartisan way, hand in hand over the fiscal cliff, or our republican colleagues can help lead us off that cliff. hope that is not the case. >> can i just ask what are your spies on the other side in essence telling you what is going on over there because you have to count heads with them as well? >> and not stipulating to any characterization of any information we received. [laughter] i really have no ideas. >> getting them to try to prove this, what are you hearing from the other side, anything? >> what your question is better addressed to the republicans coming out of their conference. we just came out of hours and we know what you tell us as to what is coming out of their caucus. >> we have not had an opportunity to talk to the leadership at this point. >> you have said you preferred a straight up or down vote, is that because of the time were that because of the vice president? >> it was a bill passed in the united states senate 89-8. tell me when you have had that on a measure as controversial as this. >> they had troubles with that one almost to the number. >> i hope we
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